Dollar General President/CFO to Retire

Dollar General is in the market for a new president and chief financial officer as John Garratt announced he will retire effective June 2. 

The retailer said it will evaluate options for its next CFO and is not currently conducting an external search due to the company's “robust succession plans.” 

“John’s retirement comes after an outstanding career as an accomplished and trusted finance executive and most recently as our president and CFO,” said Jeff Owen, Dollar General’s CEO. “His exceptional business and financial acumen coupled with his strategic vision have positioned the company for profitable growth.”

Garratt joined Dollar General in 2014 as senior vice president of Finance & Strategy and was named executive vice president and CFO in December 2015. He has served as the company’s president and CFO since September 2022. 

During Garratt’s tenure as CFO, he oversaw the finance, accounting, investor relations, treasury, and procurement functions, leading a disciplined approach to expense and capital management with a focus on delivering strong and consistent financial performance, the retailer said. 

Additionally, he partnered in establishing the company’s current strategy function, providing direction to the process that resulted in many of the strategic initiatives that have driven significant growth for the company in recent years.

“I am grateful for the opportunity I have had to serve our customers and communities during my time with this great company,” said Garratt. “While I look forward to spending more time with family, this was a difficult personal decision as this is truly a special company. I am excited to watch all that the team accomplishes in the future and believe that Dollar General is well-positioned for continued growth in the years ahead.”